Title: Making the Complex Simple: Looking at your Organization through Multiple Lenses
By the very nature of the profession, internal audit and assurance professionals work in large complex organizations. A modern corporation might comprise of different operating units, business units, or divisions. Global operations are common with different legal entities, regulators, and sometimes even audit committees in each geography. Business processes and enterprise risks can cross divisional and regional boundaries.
Despite the complexity of an organization, it is the role of internal audit to provide assurance to audit committees and executive stakeholders. To do that, internal audit needs a view of the business that allows them to assess risks, prioritize audits, and understand how much coverage the audit plan provides and what parts of the organization have high-risk audit findings.
Learn how TeamMate+ can help you to model a complex organization so that you can answer the questions that stakeholders are asking.